A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Construction
Adhesive Market.
The study, titled “Construction
Adhesive Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Construction Adhesive Market: Overview
Construction
adhesives have helped to supplant traditional adhesives that include
contact cements, wood glues, and traditional physical fixings, namely
screws and nails. Construction adhesives find application in
construction, renovation, and in adding finishing touches to homes.
They steal a march over traditional adhesives with their ability to
dry up within 24 hours, waterproof nature, and flexibility even after
drying. On account of their unique perceived benefits, they witness a
wide use in the construction industry.
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Based
on product, construction adhesives can be divided into solvent borne,
water borne, reactive, and others. They are usually available in
squeeze tubes, cans, and caulking tubes. There are two ways in which
construction adhesives are applied – in beads or in full coverage.
In beads, for example, lines of adhesive are put on the surface with
a caulking gun. This is a very cost-effective method and is typically
employed in attaching large, flat materials to large, flat surfaces
such as attaching drywall to studs, wood paneling to any smooth wall,
etc.
For
gluing small materials, namely floor tiles and ceramic tiles, or
where a complete solid surface is needed, which includes almost all
flooring applications with exception to carpet over padding and some
varieties of vinyl flooring, full coverage is leveraged. Zeroing in
on the appropriate construction adhesives is crucial for successful
application as construction adhesives.
The
global market for construction adhesives is fragmented with numerous
players competing with each other for higher market share. Most
players are now targeting the underpenetrated emerging economies that
hold out strong growth potential. The Transparency Market Research
report studies the market from different angles to present a
comprehensive overview of it, including its growth prospects.
Global
Construction Adhesive Market: Drivers and Trends
Supercharged
growth in construction activities and infrastructure building on
account of the rapid pace of urbanization worldwide has majorly
contributed to the global market for construction adhesive. The
growing adoption of construction adhesives for commercial as well as
housing applications is likely to boost their uptake in the forecast
period between 2016 and 2024. This, coupled with their affordable
prices and ease of use, will augment the demand even more. In the
years to come, with superior production techniques due to
technological progress, the market would continue to tread on a
steady growth path.
A
major factor acting as a roadblock to the growth in the global market
for construction adhesive is the unstable prices of raw materials. A
recent noticeable trend in the market is the rising use of bio-based,
eco-friendly construction adhesives on account of the increasing
concerns about the environment among discerning consumers and strict
policies framed by agencies such as the European Union and United
States Environmental Protection Agency.
Global
Construction Adhesive Market: Geographical Outlook
Geographically,
the global construction adhesive market can be segmented into Asia
Pacific, North America, Latin America, Eastern Europe, Western
Europe, and the Middle East and Africa. Among them, Asia Pacific,
powered by India and China, holds a dominant share in the market
because of the rising spend on commercial and residential
construction and massive infrastructure building in the region. This
in turn is brought about by the robust economic growth in the region.
The demand for bio-based adhesives is also fueling an uptick in the
demand in Asia Pacific. This upswing in the Asia Pacific market is
predicted to continue in the coming years as well.
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Other
developing economies, namely Brazil, South Africa, Saudi Arabia,
Israel, Egypt, and Argentina, among others, also hold out a lot of
promise in terms of growth due to the ever increasing construction
activities in the nations. North America trails Asia Pacific in the
global market for construction adhesive. The market in North America
has been primarily bolstered by the robust demand from the U.S.
Europe follows North America and is predicted to exhibit a lackluster
growth in the coming years owing to the market being saturated
already.
Key
Players Mentioned in the Report
To
present a thorough assessment of the competition prevailing in the
global market for construction adhesive, the TMR report profiles
companies such as Henkel AG & Co., Sika AG, 3M Company, the Dow
Chemical Company, and H.B. Fuller among others. The report outlines
their key product offerings, sales, revenues, and market shares.
Major
geographies analyzed under this research report are:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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